Sykes' shares rally on earnings report

MichaelBaron

NEW YORK (MarketWatch) -- Shares of Sykes Enterprises Inc.
SYKE, -1.31%
advanced 16.6% to $11.03 on Tuesday after the Tampa, Fla., provider of customer contact products and services reported stronger than expected earnings for the second quarter. The company posted earnings $5 million, or 13 cents a share, for the June period, up from a year-ago profit of $1.1 million, or 3 cents a share. Revenue rose in the latest three months to $122.2 million from $113.5 million in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for earnings of 10 cents a share in the quarter.

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